Equities Analysts Issue Forecasts for Cargojet Q4 Earnings

Cargojet Inc. (TSE:CJT - Free Report) - Analysts at Cormark raised their Q4 2024 earnings per share (EPS) estimates for shares of Cargojet in a research note issued to investors on Wednesday, November 6th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $1.82 per share for the quarter, up from their prior forecast of $1.80. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share. Cormark also issued estimates for Cargojet's Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.59 EPS and FY2025 earnings at $6.24 EPS.

Cargojet (TSE:CJT - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C$1.10 by C($1.15). The firm had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%.

CJT has been the subject of several other research reports. National Bankshares increased their price target on Cargojet from C$154.00 to C$158.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Acumen Capital raised their target price on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Scotiabank lowered shares of Cargojet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. ATB Capital decreased their price objective on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday. Finally, Canaccord Genuity Group boosted their target price on Cargojet from C$160.00 to C$165.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$159.00.

Cargojet Stock Performance

CJT traded up C$4.89 during trading hours on Thursday, hitting C$137.05. The company's stock had a trading volume of 80,900 shares, compared to its average volume of 55,391. The company has a 50-day simple moving average of C$133.73 and a 200 day simple moving average of C$127.21. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The firm has a market capitalization of C$2.21 billion, a PE ratio of -144.26 and a beta of 0.91. Cargojet has a fifty-two week low of C$82.22 and a fifty-two week high of C$144.97.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Cargojet's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, September 20th. Cargojet's dividend payout ratio is -147.37%.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.